Common use of Voluntary Termination and Termination for Cause Clause in Contracts

Voluntary Termination and Termination for Cause. The Employee's employment may be voluntarily terminated by him at any time by giving not less than two (2) weeks' written notice thereof to the Company. Additionally, the Employee's employment may be terminated at any time for cause (as hereinafter defined) effective upon the giving of written notice of such termination for cause by the Company to the Employee. If at any time during the term of this Agreement (i) the Employee shall have voluntarily terminated his employment with the Company (other than as contemplated by subparagraph (e) of this Paragraph 7), or (ii) the Company shall have terminated the employment of the Employee for cause (as hereinafter defined) the Employee shall be entitled to receive only his base salary as provided in Paragraph 4(a) hereof to the date of such termination and no other benefits, including, without limitation, those provided for under Paragraphs 4(b) and 5 of this Agreement (except those that cannot be divested pursuant to the Employee Retirement Income Security Act of 1974, as amended or other applicable law), under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (C P Clare Corp), Employment Agreement (C P Clare Corp)

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Voluntary Termination and Termination for Cause. The Employee's employment may be voluntarily terminated by him at any time by giving not less than two (2) weeks' written notice thereof to the Company. Additionally, the Employee's employment may be terminated at any time for cause (as hereinafter defined) effective upon the giving of written notice of such termination for cause by the Company to the Employee. If at any time during the term of this Agreement (i) the Employee shall have voluntarily terminated his employment with the Company (other than as contemplated by subparagraph (e) of this Paragraph 7), or (ii) the Company shall have terminated the employment of the Employee for cause (as hereinafter defined) the Employee shall be entitled to receive only his base salary as provided in Paragraph 4(a4 (a) hereof to the date of such termination and no other benefits, including, including without limitation, those provided for under Paragraphs 4(b) and 5 of this Agreement (except those that cannot be divested pursuant to the Employee Retirement Income Security Act of 1974, as amended or other applicable law), under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (C P Clare Corp), Employment Agreement (C P Clare Corp)

Voluntary Termination and Termination for Cause. The Employee's employment may be voluntarily terminated by him at any time by giving the Company not less than two (2) weeks' written notice thereof to the Companyweeks prior written. Additionally, the Employee's employment may be terminated at any time for cause (as hereinafter defined) effective upon the giving of written notice of such termination for cause by the Company to the Employee. If at any time during the term of this Agreement Term (i) the Employee shall have voluntarily terminated his employment with the Company (other than as contemplated by subparagraph (e) of this Paragraph 7)) prior to the Termination Date, or (ii) the Company shall have terminated the employment of the Employee for cause (as hereinafter defined) the Employee shall be entitled to receive only his base salary as provided in Paragraph 4(a) hereof to the date of such termination and no other benefits, including, including without limitation, those provided for under Paragraphs 4(b) and 5 of this Agreement (except those that cannot be divested pursuant to the Employee Retirement Income Security Act of 1974, as amended or other applicable law), under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (C P Clare Corp)

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Voluntary Termination and Termination for Cause. The Employee's employment may be voluntarily terminated by him at any time by giving not less than two (2) weeks' written notice thereof to the Company. Additionally, the Employee's employment may be terminated at any time for cause (as hereinafter defined) effective upon the giving of written notice of such termination for cause by the Company to the Employee. If at any time during the term of this Agreement (i) the Employee shall have voluntarily terminated his employment with the Company (other than as a contemplated by subparagraph (e) of this Paragraph 7), or (ii) the Company shall have terminated the employment of the Employee for cause (as hereinafter defined) the Employee shall be entitled to receive only his base salary as provided in Paragraph 4(a) hereof to the date of such termination and no other benefits, including, without limitation, those provided for under Paragraphs 4(b) and 5 of this Agreement (except those that cannot be divested pursuant to the Employee Retirement Income Security Act of 1974, as amended or other applicable law), under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (C P Clare Corp)

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